Despite Coinbase’s success, the company stock has been falling due to changing recommendations from analysts at Wells Fargo. After a detailed report was released on Thursday, which assigned Coinbase with an “underweight” recommendation, Coinbase shares slid 8%. Wells Fargo explained that increased global competition, particularly from Binance.US and FTX US, has negatively affected the exchange’s …

Wells Fargo’s Gives Coinbase “Underweight” Equivalent Rating Read More »